MEDINA, Ohio—RPM International Inc. has started the new year with a bang, adding yet another acquisition.
The firm has acquired Prime Resins to be part of its USL Group. Prime Resins produces specialty chemicals and equipment for infrastructure construction and repair. The Conyers, Ga.-based firm reported annual net sales of about $7 million.
Prime Resins' product line includes a broad range of polyurethane and epoxy grouts, foams, adhesives and coatings used for leak sealing, concrete structural repair, slab lifting and soil stabilization. RPM said in a Jan. 17 news release that Prime Resins products are used in highways, roads, bridges, airport runways, sewage systems and retaining walls.
RPM did not disclose financial terms of the deal, but said that Prime Resins President David Barton will continue to lead the business.
"We intend to drive its top-line growth by leveraging the Prime Resins sales force to bring more of USL's differentiated product technologies to the U.S. infrastructure market," RPM CEO Frank C. Sullivan said in a statement. "At the same time, we will improve its bottom line through access to RPM's raw materials purchasing network."
The Prime Resins deal comes on the heels of three other buys in 2017. RPM first acquired Clayton Corp.'s foam division on Jan. 3. Clayton markets low-pressure spray polyurethane foam under two primary brands—Touch 'N Foam for the consumer do-it-yourself market and Touch 'N Seal for the professional industrial market. Based near St. Louis, RPM said the division reported annual net sales of about $60 million. Financial terms were not disclosed.
Then on Jan. 6, RPM acquired 80 percent of Arnett Polymers L.L.C., a Richmond, Mo.-based producer of specialty chemical raw materials—such as resins, hardeners, curing agents and other intermediates for use in epoxy and polyurethane materials. And, on the same day through its Legend Brands business, acquired the Prochem business from Karcher North America Co. Inc. Based in Chandler, Ariz., Prochem produces professional equipment and chemicals for cleaning and restoring carpet, upholstery, and hard flooring surfaces.
Financial details for all three acquisitions were not disclosed. RPM said Arnett and Prochem have combined annual net sales of about $42 million.
Based in Medina, RPM owns subsidiaries that are leaders in the specialty coatings, sealants, building materials and related services across three segments. Portfolio companies include Stonhard, Tremco, Illbruck, Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex.